University at Albany, State University of New York
Contact UAlbany Directories Calendars & Schedules Visitors Site Index Search
Admissions Academics Research IT Services Libraries Athletics
Bulletin Homepage
General Information
Academic Information
Honors College
College of Arts & Sciences
School of Business
College of Computing & Information
School of Criminal Justice
School of Education
International Education
College of Nanoscale Science and Engineering
Project Renaissance
School of Public Health
Nelson A. Rockefeller College of Public Affairs & Policy
School of Social Welfare
University-Wide Programs
Undergraduate Study
Undergraduate Resources & Services
Faculty Awards

Undergraduate Bulletin 2009-2010

Interdisciplinary Program in Financial Market Regulation


Distinguished Teaching Professor
 David P. McCaffrey, Ph.D. (Collins Fellow)
  State University of New York at Stony Brook

 Stephen E. DeLong, Ph.D. (Collins Fellow)
  University of Texas at Austin
Hany A. Shawky, Ph.D.
  Ohio State University
Giri Kumar Tayi, Ph.D.
  Carnegie Mellon University

Associate Professors
 George Berg, Ph.D.
  Northwestern University
 Rita Biswas, Ph.D.
  Texas A&M University
 Peter A. Bloniarz, Ph.D. (Collins Fellow)
  Massachusetts Institute of Technology
 Indushobha Chengalur-Smith, Ph.D.
  Virginia Tech
 Jakov J. Crnkovic, Ph.D.
  University of Belgrade
 Christophe Faugère, Ph.D.
  University of Rochester
 Jagdish Gangolly, Ph.D.
  University of Pittsburgh
 Sanjay Goel, Ph.D.
  Rensselaer Polytechnic Institute
 Lakshmi Mohan, Ph.D.
  Columbia University
 David M. Smith, Ph.D., CFA
  Virginia Tech

Assistant Professor
 Robert Purtell, Ph.D.
  New York University

Research Associate Professor
 Theresa Pardo, Ph.D.
  University at Albany

Service Assistant Professor
 Jennifer J. Goodall, Ph.D.
  University at Albany

Financial markets are among the most important and dynamic systems in the world. Public and private regulators, financial services firms, law firms, and other organizations all play key roles in operating these systems effectively and ethically.

The University at Albany’s Interdisciplinary Major in Financial Market Regulation, leading to the Bachelor of Science degree, provides a unique program that prepares students for professional work in the field or further study in graduate and law school. The Interdisciplinary Minor in Financial Market Regulation complements majors such as Accounting, Business, Computer Science, Economics, Political Science, Public Policy and Management, and Sociology, introducing students to market regulation as part of their program at the University. While the major and minor focus on financial market regulation, they also provide knowledge applying to diverse areas in the private, public, and nonprofit sectors. 

The School of Business, College of Computing and Information, and the Rockefeller College of Public Affairs and Policy collaborate in the programming for the major and minor. Students in the major and minor study four areas:

  • The business of financial markets
  • The law of financial regulation
  • The public policy issues underlying financial regulation and supervision
  • The technology of information management and data analysis essential to modern business and regulatory systems.

Advisory Council
An Advisory Council of professionals in financial services, law, and regulation assits the major and minor in Financial Market Regulation as part of the Program in Financial Market Regulation, a joint initiative of the University at Albany, Albany Law School, and the professional community in financial market regulation and supervision. The Council members work actively with the University at Albany and Albany Law School to design course offerings, internship experiences, and other career services. The Advisory Council membership can be found at

Internship Program for the Major and Minor in Financial Market Regulation
Students in the major and minor are encouraged, but not required, to complete an internship, usually over the summer between the junior and senior years, in a regulatory organization, financial firm, law firm, or related organization. Employing organizations provide these internships on a competitive basis, and the participating academic units and the Advisory Council work with students to prepare them for the selection processes.

Admisson to the Major and Minor in Financial Market Regulation
All students in the Interdisciplinary major or minor in Financial Market Regulation must be admitted based on academic performance, normally at the end of their sophomore year. Students wishing to enroll in the major or minor must have an overall grade point average at the University of at least 3.20, and completed the required 200 level classes with at least a B (3.0) average. For additional information about the minor, see the Bulletin section 'Approved Minors.'

Degree Requirements for the Interdisciplinary Major in Financial Market Regulation

The major requires the following courses, or appropriate substitutes approved by the program advisors.

Business and Finance
B ACC 211 Financial Accounting
B FIN 300 Financial Management
B FIN 333 Investment Management
B FIN 375 Money and Capital Markets

Public Policy and Law
R PAD 236 Institutions and Policy in Business Regulation
R PAD 435 Fundamentals of Securities Law
R PAD 436 Regulation of Securities Markets

Information Management and Data Analysis
I CSI 201 Introduction to Computer Science
I INF 201 Introduction to Information Technology 
B ITM 330 Business Information Systems & Technologies 
(Students normally will need to take A MAT 106, 108, A ECO 320, or other equivalent class in statistics as a prerequisite for B ITM 330.)
B ITM 331 Business Application Development

Choose One from the Following Two Courses:
B ITM 416 Communication, Networking, and Security
I INF/IST 423 Networking Essentials 

For further information:
David P. McCaffrey
Academic Program Advisor
Distinguished Teaching Professor
Department of Public Administration and Policy
Nelson A. Rockefeller College of Public Affairs and Policy
518 442-5282